Italy’s populist government will cut its budget deficit targets from 2020, after investors sold off Italian assets and European Union ministers criticised its plans to jack up spending next year.

The ruling coalition last week said it planned to run a deficit of 2.4% of gross domestic product (GDP) next year, tripling the previous government’s target. It also said that the deficit would stay at that level through 2021. Read more HERE.

Italy’s populist government will cut its budget deficit targets from 2020, after investors sold off Italian assets and European Union ministers criticised its plans to jack up spending next year.

The ruling coalition last week said it planned to run a deficit of 2.4% of gross domestic product (GDP) next year, tripling the previous government’s target. It also said that the deficit would stay at that level through 2021. Read more HERE.